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I have read this term, for example, "buy it 30% below market value" or something similar a lot on BP.My question to you all is, isn't market value relative to what people would sell it for anyway? So how do you know o...
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I am about to solidify the purchase of a fairly sizeable mobile home park in Northern Illinois. I'm thinking about the possibility of also starting a separate mortgage business so I could offer financing for those who...
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hey BP, I have a quick question. I have a tenant that just started renting this month. everything been fine so far she even paid today. two days before the first. Now she wants to pay a couple months in advance. shoul...
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I was hoping someone with lien expertise can help me understand how they work.Background: a neighbors house has been abandoned for quite sometime now (2009?), property is in pre-foreclosure but bank/company "servicing...
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Hello BP,I have a fourplex in Tucson that I bought a couple years ago now. I’ve been renovating it and am almost done. I asked my CPA about bonus depreciation and doing a Cost Seg study on the property so I could get ...
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Previous post got deleted/moved by BP so apologies if you have already responded. Have some more complex questions was hoping to get some help with:
1. Is it possible to take advantage of the bonus depreciation if bu...
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Hi everyone!
I've got some properties up in the DFW area. Right now, finding properties around there that work for that BRRRR strategy is really difficult. The property taxes and interest rates are just eating away a...
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For the more experienced wholesalers - what do you think when a seller will not provide an asking price? Do these situations ever work out in your favor? Or does that typically mean the seller is not motivated?Secon...
I have a small commercial space located in Oregon and need to evict the tenant who currently has a 1 year lease on the place. He has violated several rules, been late with rent, bothered neighbors, etc. It sounds stup...
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I am wanting to get a multiplex and be a landlord and OO. My parents want to get a house closer to town. so my thought was, could I potentially just purchase a multifamily house in Lafayette Indiana using a low down p...